Chrysler Is Released from Daimler-Chrysler

The marriage of Daimler and Chrysler didn't make it 10 years.

Daimler-Chrysler is selling the Chrysler division to a private equity firm for $7.5 billions. That's a big discount over what they paid for it almost 10 years ago.

Chrysler is released from Daimler-Chrysler because Daimler-Chrysler investors, namely European investors, had been pressuring the parent company to get rid of the money losing American division.